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China shock 2.0: the flood of high-tech goods that will change the world

ft.com

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Re: China shock 2.0: the flood of high-tech goods that will change the world

#5
Well, so far as the governments get VAT from the manufacturers, they are getting a return on their investments. They are more like mutualizing the companies than subsidizing them, that is the successful or mature ones are getting taxed to help the nascent ones.